In Canada, the government is entering consultations with crypto industry stakeholders to address the digitalization of money, which it sees challenging democratic institutions around the world. The North American nation, which includes 10 provinces and three territories, said in its 2022 budget announcement that digital assets continue to play a pivotal role in sanctions evasion while simultaneously facilitating illegal activity. The well-worn narrative has been echoed in the past by several major governments around the world including China, the US and India. Earlier this year, Prime Minister Justin Trudeau famously quashed bitcoin-fueled protests from Canadian truckers, dubbed the Freedom Convoy 2021, who opposed government-imposed COVID-19 mandates. The truckers managed to raise at least $1 million via the bitcoin-fundraising platform Tally, circumventing monetary controls after they were shut out of other platforms, including GoFundMe, at the behest of Canadian officials. More recently, Trudeau took aim at elected opposition leader Pierre Poilievre in September, where he labeled his rival’s views and aspirations for the “volatile” asset class as irresponsible leadership. https://blockworks.co/news/canada-moves-to-protect-financial-sector-from-crypto-challenges